News/Foreign Exchange
The dollar to rule them all
The dollar rally has finally arrived in late 2014, with more gains pencilled in for 2015
Traiana warns of busy regulatory year ahead
Steve French, director of product strategy at Traiana, says fixing the Emir system and implementing Mifid II reporting will bring huge challenges in 2015
SNB negative rates to take effect on ECB day
The Swiss central bank's steps and timing are a good indication of the ECB's next actions
Contagion fears ignited by ruble moves
The trouble in Russia is spreading to other currency pairs in emerging markets and causing bouts of volatility in G10 pairs as traders struggle to get business done
Moex margins above 30% with EBS still trading
Ruble trading becomes more expensive as intraday price moves remain exceptional
FX platforms switch off ruble trading
Bloomberg and FastMatch suspend trading, following similar decisions by retail platforms after extreme RUB volatility
FXCM closes out existing RUB trades at noon EST
FXCM closes out existing ruble positions at noon Eastern Time on December 16
Bloomberg Tradebook halts RUB dealing
The Moscow Exchange and Saxo Bank hike collateral requirements; FXCM and Alpari pull out
BGC bolsters European business with RP Martin buy
BGC purchases RP Martin's UK assets, and plans to add Swedish and Dutch businesses to its portfolio as well, pending regulatory approval
Commerzbank pulls back from FX prime brokerage
Commerzbank closes prime brokerage business as it reallocates resources
Thomson Reuters Matching adds MYR and PHP
The platform has expanded its universe of currencies to include USD/MYR and USD/PHP
CFTC hears NDF workload fears
Some FX market participants are concerned by the potentially short timelines for preparing the industry fully for NDF clearing and possible liquidity implications
Renminbi set for more volatility, analysts say
More two-way volatility is expected and price swings could come close to those seen in the first half of 2014
360T sees record volumes topping $100 billion
Frankfurt-based FX platform's success due to widening client base and pick-up in volatility
Volcanoes, house prices and Draghi are main black swan events for 2015
Saxo Bank releases its annual prediction of unforeseen events for the coming year that could unsettle global markets
Trade repositories set to shake up pricing
Competition for contract renewals will heat up early next year
Saxo Bank Switzerland appoints new chief executive
Part of the institutional business will be serviced from London or Copenhagen in the future
FX volumes surge as BIS warns of emerging market fragility
Dollar strength could spell trouble for developing world economies
SunGard launches TCA solution for FX
SunGard cites the lack of a reference rate or regulated price venue as the main driver for developing the TCA tool
Westpac opens shop in Shanghai Free-Trade Zone
The Australian bank opens a branch in China's pilot financial area after both countries sign a key trade agreement and Sydney becomes a RMB hub
ACI pushes for adoption of global code of conduct
In response to stern words from regulators stating regulation is only avoidable with industry initiatives
Icap merges EBS with BrokerTec
Michael Spencer combines Icap's e-platforms for FX and fixed income
Regulators highlight dark pool concerns
Bank of England emphasises the potential risks of too much liquidity migrating away from open-market venues
Traders battle it out in final days of Saxo Trade Challenge
The bank's social trading portal has accumulated 300,000 unique users